China's property management group E Star shines in Hong Kong debut

E-Star Commercial Management

26/01/2021 02:53

** Shares of China's property management services provider E
Star Commercial Management Co Ltd  6668.HK  trade as high as
HK$4.60 per share in Hong Kong trading debut, up 19.2% from
their initial public offering (IPO) price
    ** Stock last up 7.5% from the IPO price of HK$3.86 apiece;
among the 30 most actively traded shares by turnover in early
trade 
    ** The Guangdong-based company sold 250 mln shares in Hong
Kong IPO, raising HK$965 mln ($124.5 mln), to fund investments,
acquisitions, renovation of commercial properties and to upgrade
its information system  urn:newsml:reuters.com:*:nFWN2JY0K2
    ** The Hong Kong Hang Seng sub-index tracking property firms
 .HSNP  gains 0.5%
    ** The Hang Seng China enterprises index  .HSCE  falls 1.4%,
while the benchmark index  .HSI  drops 1.7%


($1 = 7.7511 Hong Kong dollars)

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)